Art Dealer is Charged in Income-Tax Case

A New York art dealer who was known as a source of undiscovered masterpieces by Jackson Pollock, Willem de Kooning and other modern artists failed to report millions of dollars in income from the sale of artwork, some of which art experts have deemed to be fake, prosecutors said Tuesday.

Federal prosecutors in Manhattan alleged that Glafira Rosales failed to report at least $12.5 million in income to U.S. tax authorities between 2006 and 2008 for art sales and kept the funds from those sales hidden in an overseas bank account in Spain.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.